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Search Results 0 to 34 of about 35 (some duplicates have been removed)
if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out
killed in a u.s. drone strike in the pakistani region of north waziristan. the attack targeted a home with a pair of missiles. pakistani intelligence says the victims were suspected militants. the syrian government is accusing western leaders of drumming up support for foreign military intervention by invoking a month on fears of chemical weapons. this week, president obama warned president bashar al-assad against chemical weapons, about an unspecified consequences. speaking to leaders in brussels, hillary clinton followed suit. >> our concerns are that an increasingly desperate assad regime may turn to chemical weapons, or may lose control of them to one of the many groups that are now operating within syria. so as part of the absolute unity we have on this issue, we have sent an unmistakable message that this would cross a red line. those responsible would be held to account. >> in response to the threat, assad's regime has assisted it will not use chemical weapons against its own people, calling an assertion to the contrary to a pretext for intervention. >timothy geithner is says t
three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget sta
on, pressure on the price of oil, indisexposeble incomes and henry joins us now. 2013, what does pressure on the price of oil mean? >> downward, i think. i think what we see is some significant nonopec finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been t
next month. >> luca, stay with us. we want to bring you major news out of neighboring korea. south korea has chosen its first ever female president. cheri kay has all the news. how significant is the election of miss park? >> well, i mean, she's really made history, set to become south korea's first woman president. it was a very tight race, a very polarized election with park winning 51.5% of the votes. but in the end, south korea made a choice that means more hope of economic recovery. scenes of joy as the v in south korea's presidential poll. >> this election is your victory. this is a victory brought by the people's hope for overcoming crisis and economic recovery 37. >> the daughter of a former military leader will take office next year as the country's first female president, challenging syria types in a country traditionally ruled by men in suits. she will be tasked with getting the slowing economy back on track at a time when growth rates have risen to a meager 2% now. but she will need to do it in a way that appeases young voters who are calling for more balanced income di
-- >> in the u.s., president obama makes a last ditch attempt to find a budget compromise. >> in the angry and protests in the streets of regain rate. doctors warn the victim's condition is getting worse. >> and running the sydney yacht race for a sixth time. >> within the next hour, president barack obama is set to meet with top republicans to discuss the nation's looming fiscal clit. white house aides have indicated that obama will discuss measures for avoiding the rest of the automatic spending cuts and tax hikes that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being s
they are investing from pre-k through college. there will have more in china and any of them the entire u.s. work force. we're focused on a global economy. those from harvard are competing globally with students from china, germany, brazil. tavis that transform the way we think about education? do you think your role as straining american leaders? are you looking at attracting global leaders? >> there are so many questions. let me address a few of them. there are numerous kind of statistics that we have a preeminence of college graduates in our populations and levels of participation. we are losing this. we have once last three of the world's college graduates. that is an interesting illustration of a shift in the dynamism. i see this when i travel. a huge commitment to public resources. huge energy to enthusiasm of higher education. india wants 1500 new universities by 2020. alicia's in a meeting about hong kong this week. i learned that hong kong university is expanding undergraduate education from three years to four years because they think it is not giving students enough time. there are all
top story this hour. strong criticism from the u.s. and europe over israel's plan to build new settlements. >> the german government comes under fire for the alleged plan to sell tanks to saudi arabia's authoritarian rulers. >> happy birthday, sms. it is the 20th anniversary of the text message. >> israeli ambassadors have been summoned to various european capitals to face criticism over israel's plans to build homes in the west bank. the u.s. also slammed the mood as -- move as "especially damaging." >> israel's prime minister remains especially defiant. they announce the plans to build homes on friday in response to the plan to upgrade palestine to a non-member state. in the israeli ambassador -- >> israeli ambassador daniel taub. paris and berlin called in israeli envoys to express their opposition. they say that israel is sending an negative message in the midst of national -- international peace efforts. >> israel is undermining competency -- confidence. >> israel says it will build 3000 settler homes in eastern jerusalem and the west bank. also plans to accelerate constru
>>> the formalitier government is accused of being sent rick. >> massive write-downs n u.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into wher
on the reaction to these figures, we have rob doddson with us. rob, welcome. it appears ta stronger services may be weaker on the manufacturing relative to expectations, at least, but the message broadly is still contraction. >> that's the case. we're seeing the pmi indexes track a bit higher over the last few months. so nothing spectacular there. but this does raise hopes that maybe we could see growth coming into the first quarter. the eu, banking -- things like nap but, again, still down. >> not great news for france if we start to look at some of the indexes. there's a lot of focus on this economy. >> exactly. and the weakest spots, given that it's the second largest economy. now, we did see that return to growth for germany, which is a positive and will be a good gain forward. but say order box, very weak. demand, very weak. business confidence very weak and this is going to be hitting activity indicators going forward. >> even though the manufacturing side of it disappointed, the services was stronger. while services is a big part of the economy, it's where we're trying to see the rebalanc
, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it will press ahead? >> i don't know. >> because it wasn't going to go to the senate. >> but to me, the demonstration that boehner didn't have the support -- you thought boehner never had the support for this plan? >> no. i'm saying boehner didn't have support to do it even at a million -- >> which suggests to me what kind of rationale -- >> because maybe the house wanted some actually spending cuts. after giving in on tax breaks, they didn't go -- >> we always wondered if boehner can deliver the right. i wonder if th
republicans put forward their plan to cut the u.s. deficit, but the proposal is quickly dismissed by democrats and the white house. >>> and australia central bank cuts interest rates to the lowest level since the financial crisis in a bid to get ahead of sluggish commodities demand. we're on tuesday and off to a slightly, what, soft close yesterday for european stocks. right now we're pretty evenlies passed, advancers just about outpacing decliners on the stoxx 600, but not by much, 5:4 if that. so one hour into the trading session, this is where we stand. the ftse 100 just flat, a flat close yesterday. the dax was essentially fairly flat yesterday. up just ten points. the cac 40 yesterday doing a little bit better, up 0.2%. first pointing out ftse up 9 out of the last 11. we have seen yields continue to decline in spain. just 5.23%, but still capped. spain requesting financial assistance. we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen m
statement to parliament today. will be out in westminster soon. steve is out to give us more detailed analysis of what to expect. let's just go back to the eurozone. as you say, thin advances here. are we capping -- it's up against the yen as well. there's obviously been a big yen story. >> yeah, i think the euro/yen has had perhaps more to do with eu euro/dollar than anything else. the euro crosses in general have been story rather than euro/dollar and euro/yen at the forefront. i think the euro/yen forecast is overplayed in what japan will ultimately deliver on. but mum is pretty good. i think you still play for a little yen weakness. i think we'll see a lot of people trying to buy yen back because i don't think we'll get delivery in all these preelection promises. >> do we all think we know what the chancellor is going to say? >> judging by the many pages being given to it in the newspapers, you feel like what else can he say? it's not going to be a day where you'll buy sterling aggressively because most of the news is going to be bad. we're going to have lower growth. potentially
to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese economy will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some tionmay begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boytted their vehicles over a territorial dispute. they saw a slight improvement last month. total new car sales this china w
is inside san francisco general hospital and police tell us she is fighting fighting for her life. >> this is something you see in the movies. in real life it is disturbing. >> case that shocked police and neighbors here. a driver called police at 8:30 p.m. last night after spotting a man and a woman bound and gagged in the street. both badly injured. >> we have a male victim, african american. the female victim is white. 18-19 years old. >> investigators won't describe the injuries but said the man died at midnight. >> hopefully when she is stabilized we can obtain more information that could lead to suspects or the motive. >> it is completely disturbing. bound and gagged. . >> reporter: neighbors say it is hard to believe the violence happened here. >> most likely they dropped it here. if it happened here i would have heard it. >> reporter: police say anyone with information on this case can call or text them. coming up at 6:00 p.m., what one neighbor saw and heard as police and paramedics rushed to help. david stevenson, ktvu channel 2 news. >>> police are looking into the deat
the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about 1%. blame politicians in the u.s. and blame heavyweight samsung. this accounts for some 20% of market value on the kospi index. down 4%. that hurt the broader markets. this is, of course, because eu regulators are p
workers areot using up all of the vacation time they are said to be seen as lazy and losing their job. is is a good sign for the economy. how so, steve. not for those two reasons . we don't have too much vacation or little. we do it just right. europe had work like we did. you want lopping beer vacation you can have a stagnant economy like europe. we raise taxes we'll have longer vacation but fewer jobbings. >> you are right. we don't want to be like the french. and ople here i the united states and government union. and i was on vacatn and check my blackberry and read a ri unger e-mail while on vacation. >> you are never onacation. >> you work it anyway. nine out of the 10 are checking their work phones. any time to rejuvenate and come back ragged. >> we need that vacation time to work better. >> when you say ecomy you are talking about gdp. good or ill it is major transaction. have everyone never talk a day off and work 60 hours a week. steve is protesting that. >> there is it a correlation between vacation time and increased productivity. a 2010 study show that americans felt refre
building institutions upon this foundation. if it is rejected, i will use my authority and duty to create a new constitutional assembly based on an agreement or on direct elections for a new assembly. >> the president's supporters have also been taking to the streets, this time for the funerals of two demonstrators who were killed in clashes with opposition protesters earlier in the week. meanwhile, the german foreign minister says the violence puts the legacy of the revolution at risk. m e to pose a political powers must come together in a dialogue. they must develop a dialogue, when it takes into account all elements of society. >> so far, the call is not being heated. the main opposition groups have rejected offers of talks on saturday. >> for more, we go live to cairo. we mentioned the reports that protesters have broken through the barricade at the palace. how tense is the situation in cairo right now? >> [inaudible] >> a cake, we have to leave you there. we are having some trouble with the line, but thanks so much for joining us from cairo, and we apologize for the quality of that c
, but opponents say they intend to continue their protests. >> turning out to the u.s., president barack obama has just announced his nomination of senator john kerry to become secretary of state. >> john kerry is currently chairman of the senate foreign relations committee and has undertaken numerous diplomatic missions. he also ran unsuccessfully for president back in 2004. the move has been widely expected. observers say he should win easy confirmation in the senate. staying in washington, and president obama is increasing the pressure on the country's powerful gun lobby's and calling for stricter regulations on assault weapons. he has also challenged his fellow gun control advocates to take a clear stand on the issue. >> america had a moment of silence for the victims of the newtown massacre. exactly one week ago, a young man armed with a semiautomatic rifle gunned down 20 people in connecticut. meanwhile, the national rifle association has taken a hard- nce on the issue, calling for armed security guards in yev american school to protect students. >> the gun owner's organizatitin has proposed
-- please give them a big round of applause. [applause] i want to thank martin for hosting us. i want to thank jeff and gibby for giving me a great tour of the factory. [applause] i've got to say i love coming to factories. >> i love you! >> i love you. so in addition to seeing the best workers in the world -- you've also got all this cool equipment. [laughter] i wanted to try out some of the equipment, but secret service wouldn't let me. [laughter] they said, you're going to drop something on your head, hurt yourself. [laughter] they were worried i'd mess something up. and jeff and gibby may not admit it, but i think they were pretty happy the secret service wouldn't let me touch the equipment. now, it's been a little over a month since the election came to an end. [applause] so it's now safe for you to turn your televisions back on. [laughter] all those scary political ads are off the air. you can answer your phone again -- nobody is calling you in the middle of dinner asking for your support. but, look, i have to admit there's one part of the campaign that i miss, and that is it is
scientist from the european council on foreign relations. i would like to ask you to map out for us the reasons why the you got this very prestigious prize -- the eu is very prestigious prize. >> it is the only institution that managed the transition from several non-democracies to democracy. it is the first revolution in history without blood. i think that is largely worth the nobel prize, not counting the decades before or after 1949. >> some say this award is not justified. what do you say to this criticism? >> i think if we're in a crisis in your opinion now -- the european union now, it should not avoid looking at the merits of the past. look back. obama -- many people were saying he did not deserve the nobel peace prize, but he deserved it because it was a statement that now the u.s. is shifting back from the bush administration to obama. i think the same is true for the european union. >> your assessment has been pretty upbeat so far. i want to put this to you. at the top of the show, we said this is a day of celebration for the eu. no doubt about that. it also indicates it m
. we have more on the life of the singer jenni rivera. what can you tell us? >> good morning. she sold 50 million records, won two billboard music awards and was a star of her reality show and served as a judge on a popular talent show in mexico. hard-working until the end. she performed the last concert saturday night in monterey, mexico, hours before dying in a plane crash on her way to yet another commitment. [ speaking spanish ] they call her diva. and for anyone who ever saw her on stage, it was easy to see why. she sang heartwrenching song that's spoke to the common woman, especially mexican-americans. >> translator: every song, every lyric i'm thinking of them and how i can relate to them. >> reporter: jenni rivera was born in long beach, california to mexican parents, their story of humble origins. with an interview in cnn, she spoke about how she sold records at a los angeles flea market and how the family expected cans for the meager income they could bring in selling the metal. >> translator: it is very flattering when they tell me i'm a great artist, a great entertainer. bu
are being corrected. this is bringing us closer to true banking union. fiscal union is way down the line. that would involve having to change eu treaties, and that is not something that anybody wants here at the moment. we are still in the middle of a crisis. we are a bit more stable than we were a couple of months ago. that's what everybody has been saying here, but this union is not something that we can tackle quite yet. this meeting is about figuring out where we want to go. there will not be any decisions today. >> we have heard that before. thank you very much. >> in another attempt to remedy the eurozone crisis, european finance ministers have said yes to releasing more aid to greece. in a 50 billion euros were freed up on thursday for athens -- >> the 50 billion euros were freed up on thursday for athens. >> there are some who believe it is nothing more than a band-aid. >> emotions spilled over as workers tried to storm a meeting between greek and german officials today are angry over layoffs that are part of broad austerity measures. greeks see the reason to believe next year wi
to tell you, i don't think i had a year where i used up all of my vacation. most of us love our jobs enough that we are working into our vacation time all of the time. >> absolutely . that's what makings the united states so great. like to work. tom brady and payton man aaron rodgers don't want to leave the field or lose their jobs. why would we mess with something that makes us the envee of the world. >> the you got to have family relationships. >> and rick who is pyton manning of journalism. >> i am not a big vacioner, i enjoy working which is why lizy is reading my e-mails while she is on vacation. >> it is relevant in recent history. we saw where walmart and other companies required people who want to take off. and everything in this country unless we need you to show up for work. i want to get back foemac. i know how hrd you work . there are times, is there been a year whether you used awful your vatime? i don't think yo have. >> that's why i feel like i am losi my mind. i got to knock i off. >> and that is interesting. germany and the eu. germany had highest vacation days eu .
. >> thank you for joining us. the israeli prime minister benjamin netanyahu has arrived in berlin, where he is expected to face criticism for his plans to expand settlements in the west bank and east jerusalem. before then, he stopped off in the czech republic. >> prague was the only government to vote no on the palestinian bid to gain non- member status. >> chancellor angela merkel has sought to reassert -- reassure the party's traditional wing. >> chancellor merkel's party conference went just the way she scripted it. was reelected chair with a record vote. there was no doubt criticism of her -- no loud criticism of her. >> our discussions here, especially on the outline we put forward, show that the christian democratic union is a foundation for a strong germany, a journey in which everyone gets a fair chance -- a germany in which everyone gets a fair chance. >> the party has rallied behind her ahead of next year's election, including traditional conservatives who have been could assert -- critical of her positions at times. >> we would be foolish not to take advantage of the recognition
Search Results 0 to 34 of about 35 (some duplicates have been removed)